CASTROLIND trade ideas
CASTROL INDIA LONGIT WAS MOVING IN A CHANNEL LINE BUT NOW IT HAS BROKEN UPPER CHANNEL LINE WITH HUGE VOLUME PLUS BULLISH DIVERGENCE SEEN IN STOCHASTIC RSI FIRST TARGET IS 162 2ND TARGET IS 170 STOP LOSS IS 146
NOTE: please do your own analysis i am not advising anyone to take position in stock
CASTROLIND-BUYCASTROLIND-BUY
Current Market Price: Rs.132.00
Stop Loss: Rs.128.80
Target: Rs.144.40.
Risk Reward: 1:3.875
On daily chart there is strong support and pullbacks are weak.
CASTROLIND Short Setup [Intraday]NSE:CASTROLIND Short at 131.05 with SL 131.55 and TP 130.05
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
CASTROLIND : UPDATE : 2% move in IntradayHad told to go long @ 117.80 on 16th Aug 2019 (Friday) ... It made a high of 120.25 in Intraday Trading. We r talking abt a 2% move guys ... Hope u all minted.
CASTROLIND (16th Aug 2019) - AnalysisLook out for a break out/down in the coming days ... For Intraday Trading on 16th Aug 2019, BUY above 117.80 and SELL below 115.15
Last Correction before the Turn-around This one i am looking as last correction before it makes its Major Turn-around
One can look for entering long on drop & Reversal based on weekly and sit with investment which will give Good returns
Good Luck
Overall Trend Week but can see 136-145Overall downtrend but looks good for short term. Can buy above 130 for 136-141-145. If price dip down below 122 can see level of 105-100.
